164. Ally Shoring in North America, the Biggest Manufacturing Region in the World

Building on a body of work over the past three years to advance the concept and practice of ally-shoring as an effective strategy for reworking global supply chains, the U.S.-Mexico Foundation published the report, "Ally Shoring: A Powerful Strategy for Near-shoring”. The document seeks to enhance the understanding of ally-shoring by proposing further key concepts and strategies to strengthen economic security and prosperity between the U.S. and Mexico. Given the shifting geopolitical landscape, ally-shoring offers a unique opportunity for the U.S. and Mexico to build stronger, more resilient, democratically-driven economies in both countries. This opportunity requires a framework and strategy to best leverage U.S. and Mexican competencies in emerging industries that could most benefit from economic cooperation. By targeting economic engagement and integration while simultaneously strengthening democratic rules, norms, and values, both countries -and the region at large have the potential to see substantial and sustained long-term growth. This convergence of interests in near-shoring and countering the political coercion and dependency building of China and other countries outside the region highlights a unique moment for Mexico and the U.S. to work closely with other allies to build an integrated ally-shoring strategy. This conversation will review areas and elements of an ally-shoring framework to strengthen economic cooperation and economic security in the region. This conversation was held during the North Capital Forum 2023 in Mexico City, with the help of our affiliated partner BBVA. Speakers: Enrique Perret, Managing Director, US-Mexico Foundation; Founder and President, North Capital Forum Eduardo Amaro, Rockwell Automation Elaine Dezenski, CEFP Jasper Jung, GM Michele Pearce, Covington and Burling Ricardo Fernández - Mazarambroz, BBVA Mexico